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Loss Prevention in the Trucking Industry

[box type=”shadow”] Loss prevention in any business is an important topic, especially in challenging economic conditions. In difficult times, business owners look for any means to cut expenses and flows of money out of the business that stifle profitability. The trucking industry is no different. Plus, it is faced with…

Information Systems in Logistics & Transportation

Good logistics managers need sophisticated information systems to track and manage their material as it moves from factory to retail shelves. Increasing complexity and volume make information systems absolutely vital. There are many specialized software programs that help logistics workers know where their products are and when they are expected…

Modes of Transportation in Logistics

[box type=”shadow”] Logistics refers to the transportation of goods and merchandise raw materials or finished products from the point of production to the point of final consumption. Different modes of transportation like road, rail, water and air can be used for the effective management. Every mode of transportation requires a…

Federal Government Programs for the Trucking Industry

The trucking industry employs more than 10 million people in the U.S. and brings in well over $600 billion in gross revenues every year, 5 percent of the U.S. GDP. The trucking industry is dominated by a few big companies, but there are thousands of small businesses and independent truckers…

How to Determine Insurance & Bond Requirements

[box] Insurance & Bond Requirements: Vendors that do business in cities and municipalities are typically required to provide evidence of having adequate insurance and bond coverage. This will need to be provided to the city, where you plan to do business, before you can start work or provide services in…

Who Is Affected by Fossil Fuel Depletion?

Fossil fuel helps produce cheap energy. Modern industries depend heavily on energy supplied by fossil fuels. In fact they are the backbone of the auto, steel and transportation industries. However, these industries will face the repercussion of the rapid depletion of the energy reserves. The common man will also be…

About Transportation Brokerage

The shipping industry coordinates itself to transport goods across the globe. Transportation brokers are critical to facilitate this process. Efficient brokers work to reduce transportation costs for their clientele. Transportation brokers leverage personal connections to match suppliers needing to move goods with freight companies offering transportation. Transportation brokers coordinate deals…

How to Calculate Brokerage Commission

Depending on what type of broker you are working with the commissions will vary. A stock broker commission will differ from a real estate, insurance or mortgage broker firm. However commissions are generally based on a specific dollar amount, whether it be the total cost to purchase stocks, a loan…

How to Calculate Your LTL Freight Class

Domestic trucking is the most common way to transport products and materials throughout the United States. Ranging from fresh produce to project materials, or even hazardous goods, all LTL truckloads are subject to regulations imposed by the U.S. Department of Transportation. A LTL shipment takes place when a trucking company…

Owner Operator Vs. Broker

In the transportation industry, the terms owner-operator and broker are used commonly. Knowing the definitions of these jobs will help you better understand the logistics behind this industry. Owner-operators are truck drivers who own their own truck, have all of the appropriate licenses and permits, and do all of the…

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